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Can Shiba Inu Reach $1?

TheMotleyFool

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If you had good timing when buying and selling Shiba Inu (CRYPTO: SHIB), you could have turned a relatively small investment into a fortune. Perhaps more than any other asset in history, the cryptocurrency overcame tremendous odds and delivered explosive gains in an incredibly short amount of time.

After being released in 2020, the token's price surged 46,000,000% across 2021's trading. Even with recent sell-offs, the cryptocurrency is still up more than 35,200,000% from its lifetime low and trades at roughly $0.00002 per coin. That means Shiba Inu would need to grow roughly 5,000,000% from its current level to reach a price of $1.

Is the market-defying meme coin on the verge of shocking the world once again?

Source Fool.com

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